Senator Elizabeth Warren, the Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, issued a statement responding to a lawsuit filed by 21 states and the District of Columbia challenging the Trump Administration’s attempt to shut down the Consumer Financial Protection Bureau by starving it of funding. Warren argued that reducing CFPB funding would harm families nationwide and could force the consumer complaint database offline, which she said has helped millions of consumers. She also pointed to CFPB enforcement outcomes, stating the agency has returned more than USD 21 billion directly to Americans. The lawsuit asks the courts to block the funding-related action; Warren said that if courts uphold the law, they will reject the attempt to sideline the CFPB.
U.S. Senate Committee on Banking, Housing and Urban Affairs 2025-12-22
U.S. Senate Committee on Banking, Housing and Urban Affairs Ranking Member Warren cites 21 states’ lawsuit challenging attempt to cut CFPB funding
Senator Elizabeth Warren, Ranking Member of the U.S. Senate Committee on Banking, Housing and Urban Affairs, responded to a lawsuit by 21 states and the District of Columbia against the Trump Administration's effort to defund the Consumer Financial Protection Bureau (CFPB). Warren emphasized the potential nationwide harm and highlighted the CFPB's enforcement success, returning over USD 21 billion to consumers.